MDM Growth in Last 5 Years – Stats, Facts, and Values

February 1, 2019

Mobile devices like smartphones and tablets are ubiquitous in the day-to-day life of an average user. Since personal devices are indispensable and even irreplaceable in today’s generation, these smart devices have penetrated the modern-day workplaces too. Moreover, organizations today are embracing BYOD for it offers a flexible work environment, reduces infrastructure costs (device costs, maintenance costs etc.), and contributes towards increased employee productivity.

Nevertheless, the continued proliferation of mobile devices spawns concerns like corporate data protection, device management and synchronization with different platforms, varied OSs and varied IT configurations.

Mobile Device Management: Stats, Facts and Values

Mobile Device Management (MDM) is no longer a luxury for big enterprises, rather it is a necessity for large organizations and SMBs alike. According to a study byKensington:

A laptop is stolen every 53 seconds

70 million smartphones are lost every year

Data breach comprises 80% of the cost of a lost laptop

52% of devices are stolen from the workplace

The cost of lost data is far greater than the cost of the lost device, and these facts bring to the forefront the need to incorporate an MDM solution to manage, monitor, and secure mobile devices for official use.

Small businesses are also at high risk of cyber-attacks and will not be able to withstand it if they do not employ effective control to mitigate these attacks. According toSmallbiztrends:

43 % of cyber-attacks target small business

Only 14 % of small businesses rate their ability to mitigate cyber-risks, vulnerabilities, and attacks as highly effective.

Global MDM revenue is expected to rise from USD 1.35 Million in 2015 to 5.15 Million in 2021.

MDM market can be segmented into device management, application management, security management, and network services management, and is dominated by application management. Although, other sectors will exhibit considerable growth in coming years.

MDM market can be segmented based on verticals: education, healthcare, banking, financial services, insurance, retail, manufacturing etc. Education is predicted to be the fastest growing vertical.

North America is the largest segment geographically in the MDM market owing to a rising mobile workforce, BYOD trend.

Asia-Pacific (APAC) is expected to grow the fastest in the next five years due to a high percentage of the young population and increasing use of the local brands of smartphones and tabs for business.

Mobile Device Management – The Evolution

In the penultimate years of the last decade, the business world was dominated by Blackberry devices. Mobile Device Management came into the picture to access and control employee devices, which were typically funded by the workplace. MDM became a necessity when the popularity of Android and iOS-based smartphones soared, and employees preferred using a single device for personal and business purposes. Gradually, enterprises started embracing BYOD culture to accommodate employee devices for flexibility and productivity.

MDM thus became the foundation of secure mobility, which provided features like:

Enrolling, viewing, managing, and protecting mobile devices.

Lock, locate, and wipe data in case of device loss.

A centralized platform to configure and make devices compliant with security policies, restrictions, app entitlements etc.

What’s Next for MDM?

As new threats and risks raise their head, MDM developers will continue to innovate and address these challenges:

Customized solutions for organizations

Network security and control and secure transmission over free or unsecured networks

Securing multiple network interfaces like 4G, Bluetooth, Wi-Fi, NFC

Automated enrollment, access, control, and protection within the business infrastructure

Enterprise Mobility is nowhere near complete, and as organizations continue to mobilize their workforce, MDM solutions will have to keep pace and adapt to the dynamics of the mobile ecosystem.

Scalefusion as a complete MDM solution ensures that organizations can seamlessly manage, secure and monitor all their mobile devices and endpoints from a centralized dashboard powered with contextual communication and other robust features to drive an absolute IT-device convergence.